Jasper County Democrat, Volume 6, Number 1, Rensselaer, Jasper County, 11 April 1903 — NEW PENNELL CLOUD. [ARTICLE]

NEW PENNELL CLOUD.

He Is Said to Have Been a Defaulter for $200,000: Arthur R. Pennell, the principal snspritt iu the Burdick murder case, was a defaulter, according to the Buffalo Commercial. The amount of his peculations, the paper says, amounted to between $15,000 and: $200,000. The paper also declares that Pennell contemplated suicide for two years. The whole story came out aa the result of a legal dispute over two life insurance policies. Incidentally, it lias* been learued. ghaff Pennell made provisions for the payment to Mrs. Edwin L.- of $23,000. This was to come out of hfs life insurance. Teunell carried more than $200,000 life insurance in order that after bis death the Eastern estates to which he "is alleged to have been a defaulter might be able to recoup the losses that they had sustained through hiin. In his will Pennell named as administrator of his estate hia brother, J. Frederick PennelL He left to hia administrator sealed instructions that upon his death be should make good all the losses.